Protective Packaging Market 2021 Global Opportunities, Sales Revenue, Emerging Technologies, Competitive Landscape, Key Players Analysis and Trends by Forecast 2027

 Market Overview

In its research report, Market Research Future (MRFR), emphasizes that the Global Protective Packaging Market 2020 is expected to grow exponentially over the review period, securing a substantial market valuation from USD 20.47 billion in 2017 to USD 35.91 billion at a healthy 4.07% CAGR over the review period. 

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1320

Drivers and Restraints

Consumer packaging has emerged as an integral part of the marketing and sales operations. For online sales increasing at a rate of 20 percent a year, the packaging affects both brand identity and shipping costs. Consumers are more probable to purchase items online, which raises the need for packaging to protect goods against shock, vibration, and other harmful effects of shipping and handling. One of the key drivers is the increasing e-commerce market. Technological developments in packaging play a key role in improving the safe packaging market. Due to various factors such as growing demand from the food & beverage and healthcare sectors, the market is experiencing high growth and preference for convenient packaging. Instead of using traditional methods for packaging, advances in technology have facilitated innovation. Recent trend shows that crucial market players concentrate on R&D activities to grow environmentally friendly, sustainable packaging materials that can be reused and recycled. It is expected that attraction for online shopping, and the adoption of durable materials coupled with sustainable packaging would have a positive effect on market growth during the projected timespan. Growing demand for safe packaging is spurring innovation in e-commerce. Several businesses invest heavily in the production of packaging materials and improve barrier resistance properties that give heat and moisture resistance and prevent food oxidation. High demand for protective packaging promotes the use of environmentally friendly products in Internet sales.

Protective Packaging Market – Segments

The market is segmented into product type, material, function, application, and regions. The product type segment is sub-segmented into rigid protective, flexible protective, and foam protective. The material segment is sub-segmented into paper & paperboard, plastics, and others. 

The function segment is sub-segmented into cushioning, blocking & bracing, void-fill, insulation, wrapping, and others. The application segment is divided into food & beverage, healthcare, cosmetics, industrial, and other consumer goods. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the rest-of-the-world.

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including North America, Europe, the Asia Pacific, and the rest of the world. 

The Asia Pacific leads the global protective packaging market, and projection of the highest growth over the forecast period is anticipated. Countries like China and India are slated to experience the fastest growth in the world. Producers concentrate on creating low-cost, safe packaging solutions. Several of the main factors driving the market growth are rapidly rising electronics and e-commerce industries and increasing demand for paper & paperboard packaging, which includes folding, corrugated board or cardboard, secure mailers, and others. Also, the higher available revenue in developed countries such as India, China, and Indonesia increases the buying power of consumers. Consumer reliance on frozen, pre-cooked, and packaged foods are, therefore, likely to increase. As a result, the demand for safe packaging has been substantially impacted.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are Packaging Corporation of America (U.S.), Springpack (U.K), Max Packaging (India), Sealed Air Corporation (U.S.), Protective Packaging Solutions (U.S.), Pregis Corporation (U.S.), Smurfit Kappa Group (U.K), Bayer AG Germany, FP International (U.S.), ACH Foam Technologies LLC (U.S.), BASF SE Germany, Macfarlane Group (U.K), Cellofoam North America Incorporated (U.S.), Universal Protective Packaging (U.S.), Unisource Worldwide (U.S.), and Ecovative Design LLC (U.S.).

Access Report Details @  https://www.marketresearchfuture.com/reports/protective-packaging-market-1320

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune 411028
Maharashtra, India
+1 646 845 9312
Email:sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Aerospace Ceramics Market: Prospective Growth Trends & Incremental Opportunity Assessment till 2028

Global Aerospace Ceramics Market Report - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Aerospace Ceramics Market industry. Get Sample Copy of This Report @ https://www.quincemarketinsights.com/request-sample-58763?utm_source=OFPG&utm_medium=SG Research report on the Aerospace Ceramics Market provides analysis and insight into the various factors that are expected to prevail over the forecast period, while at the same time providing their effect on market growth. This report on the Aerospace Ceramics Market provides details of recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analysis of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, market growth categories, applications, etc. Today's compa...
Read more

Prefabricated Buildings Market 2023 Size, Share, Industry Key Features, Growth Drivers, Key Expansion Strategies, Upcoming Trends and Regional Forecast by 2030

  Introduction: The  prefabricated buildings market  has experienced remarkable growth in recent years, driven by the need for faster, cost-effective, and sustainable construction solutions. Prefabricated buildings, also known as modular or off-site construction, involve the manufacturing of building components in a factory setting and their subsequent assembly on-site. This article explores the key factors driving the growth of the prefabricated buildings market, highlights the advantages and applications of these structures, and discusses the future trends and innovations shaping the industry. Efficiency and Time Savings: One of the significant advantages of prefabricated buildings is the enhanced efficiency and time savings they offer compared to traditional  construction  methods. The off-site manufacturing process allows for simultaneous activities to take place, such as site preparation and construction component fabrication. This parallel workflow signifi...
Read more

Aromatic Solvents Market to reach USD 9.15 billion by 2028

The Global Aromatic Solvents Market is projected to reach USD 9.15 billion by 2028, growing at a CAGR of 3.1% during the forecast period. The worldwide increase in construction activities & consequent growth of paints industry is expected to propel the aromatic solvents market during the forecast period. Click Here To Get Sample of The Premium Report What are aromatic solvents? Aromatic solvents are composed of aromatic hydrocarbons such as xylene, naphthalene, and toluene. The aromatic solvents are used to dissolve solid materials to form homogeneous solutions. Aromatic solvents are produced by fractional distillation of crude oil in oil refineries. Due to their high levels of solvency, the demand for aromatic solvents is on the global rise. Market dynamics by QMI- The paints & coating industry is the principal end user of aromatic solvents. Toluene is utilized as a base material for the production of toluene diisocyanate, cement for polystyrene kits, and fullerene indicato...
Read more